Not all states view tenant laws as the same. In general, renters in Western, Northeastern, and Central states have many more protections than renters in the Deep South and parts of the Midwest, according to a new study by RentCafe. ...
Read More »The Reality of Home Prices vs. Home Sales
Home prices in February hit a four-year high, capping a 72-month run in which median home values rose nationally, according to a report by Redfin. But just because the prices went up does not mean sales went up. In fact, ...
Read More »Fannie Posts Q4 Losses, but Remains Optimistic
On Wednesday, Fannie Mae released its Q4 2017 financial statement, and as expected, the GSE posted major losses for the quarter. It also posted an annual revenue in 2017 that was nearly $10 billion down from 2016. By the end ...
Read More »Fannie Mae Projects a Familiar Story for Q2
Fannie Mae predicts a steady growth in the economy, driven mainly by consumer spending in Q2. The GSE’s projections for a more robust Q2 are following a familiar path. This year looks to be the fourth one in a row in which Q2 rebounded after a droopy Q1.
Read More »Price Index Up in February
Home prices continued their steady climb in February. A new report shows prices up over January as well as last year. But this period of sustained growth only happened once before, and things didn’t go well when the train stopped.
Read More »Young Adults Not So Hot On Construction Careers
If the future of the construction trades rests in the hands of young adults, that future might not have such a strong foundation. In a national poll by NAHB, young adults proved less interested in pursuing construction careers than in law and marketing. But construction still outweighs military career options among the young.
Read More »Report: “CFPB Offers Much-Needed Protection”
A new report by Trulia says the Consumer Financial Protection Bureau has proven a powerful ally to borrowers across the economic spectrum. It’s also proven a valuable resource for military service members and older Americans. And taking it away could be more trouble than its worth.
Read More »Bank of America Net Income Up in Q1
Q1 was good to Bank of America, which posted a 40 percent increase in overall net income. Loan revenues, too, were up, as was consumer and global banking. But total mortgage was down compared to a year ago, as were average loans and leases.
Read More »Fannie Is Eyeing the Future Conservatively
Fannie Mae’s newest look at the economy over the next year-and-a-half is a positive, if not bullish one. The GSE sees housing as a major driver of the economy, but not at such a pace as to cause any bubbles. At the same time, potential political unrest domestically and internationally bring the enthusiasm down to a much quieter level.
Read More »Small Cities Post Higher Credit Scores Than Big Ones
Higher credit scores are by far the domain of small cities near major ones. A new study of average credit scores by LendEDU shows that among major cities, top average scores are moderate compared to most smaller cities. And there is no geographical area that owns high or low scores.
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